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Side-by-side financial comparison of AvalonBay Communities (AVB) and Bausch & Lomb Corp (BLCO). Click either name above to swap in a different company.

Bausch & Lomb Corp is the larger business by last-quarter revenue ($1.4B vs $767.9M, roughly 1.8× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs -4.1%, a 9044.7% gap on every dollar of revenue. On growth, Bausch & Lomb Corp posted the faster year-over-year revenue change (9.8% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $60.0M). Over the past eight quarters, Bausch & Lomb Corp's revenue compounded faster (13.1% CAGR vs 3.8%).

AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.

Bausch & Lomb is an American-Canadian eye health products company based in Vaughan, Ontario, Canada. It is one of the world's largest suppliers of contact lenses, lens care products, pharmaceuticals, intraocular lenses, and other eye surgery products. The company was founded in Rochester, New York, in 1853 by optician John Bausch and cabinet maker turned financial backer Henry Lomb. Until its sale in 2013, Bausch + Lomb was one of the oldest continually operating companies in the United States.

AVB vs BLCO — Head-to-Head

Bigger by revenue
BLCO
BLCO
1.8× larger
BLCO
$1.4B
$767.9M
AVB
Growing faster (revenue YoY)
BLCO
BLCO
+6.1% gap
BLCO
9.8%
3.7%
AVB
Higher net margin
AVB
AVB
9044.7% more per $
AVB
9040.6%
-4.1%
BLCO
More free cash flow
AVB
AVB
$1.3B more FCF
AVB
$1.4B
$60.0M
BLCO
Faster 2-yr revenue CAGR
BLCO
BLCO
Annualised
BLCO
13.1%
3.8%
AVB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AVB
AVB
BLCO
BLCO
Revenue
$767.9M
$1.4B
Net Profit
$166.0M
$-58.0M
Gross Margin
Operating Margin
64.2%
8.0%
Net Margin
9040.6%
-4.1%
Revenue YoY
3.7%
9.8%
Net Profit YoY
-41.2%
-1833.3%
EPS (diluted)
$1.18
$-0.16

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AVB
AVB
BLCO
BLCO
Q4 25
$767.9M
$1.4B
Q3 25
$766.8M
$1.3B
Q2 25
$760.2M
$1.3B
Q1 25
$745.9M
$1.1B
Q4 24
$740.5M
$1.3B
Q3 24
$734.3M
$1.2B
Q2 24
$726.0M
$1.2B
Q1 24
$712.9M
$1.1B
Net Profit
AVB
AVB
BLCO
BLCO
Q4 25
$166.0M
$-58.0M
Q3 25
$381.3M
$-28.0M
Q2 25
$268.7M
$-62.0M
Q1 25
$236.6M
$-212.0M
Q4 24
$282.1M
$-3.0M
Q3 24
$372.5M
$4.0M
Q2 24
$253.9M
$-151.0M
Q1 24
$173.4M
$-167.0M
Operating Margin
AVB
AVB
BLCO
BLCO
Q4 25
64.2%
8.0%
Q3 25
65.7%
7.4%
Q2 25
67.6%
-0.9%
Q1 25
68.5%
-7.3%
Q4 24
63.1%
6.8%
Q3 24
65.4%
3.6%
Q2 24
66.6%
2.1%
Q1 24
67.2%
0.5%
Net Margin
AVB
AVB
BLCO
BLCO
Q4 25
9040.6%
-4.1%
Q3 25
49.7%
-2.2%
Q2 25
35.3%
-4.9%
Q1 25
31.7%
-18.6%
Q4 24
38.1%
-0.2%
Q3 24
50.7%
0.3%
Q2 24
35.0%
-12.4%
Q1 24
24.3%
-15.2%
EPS (diluted)
AVB
AVB
BLCO
BLCO
Q4 25
$1.18
$-0.16
Q3 25
$2.68
$-0.08
Q2 25
$1.88
$-0.18
Q1 25
$1.66
$-0.60
Q4 24
$1.99
$-0.00
Q3 24
$2.61
$0.01
Q2 24
$1.78
$-0.43
Q1 24
$1.22
$-0.48

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AVB
AVB
BLCO
BLCO
Cash + ST InvestmentsLiquidity on hand
$187.2M
$383.0M
Total DebtLower is stronger
$9.3B
$5.0B
Stockholders' EquityBook value
$11.6B
$6.4B
Total Assets
$22.2B
$14.0B
Debt / EquityLower = less leverage
0.80×
0.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVB
AVB
BLCO
BLCO
Q4 25
$187.2M
$383.0M
Q3 25
$123.3M
$310.0M
Q2 25
$102.8M
$266.0M
Q1 25
$53.3M
$202.0M
Q4 24
$108.6M
$305.0M
Q3 24
$552.4M
$329.0M
Q2 24
$545.8M
$285.0M
Q1 24
$287.9M
$315.0M
Total Debt
AVB
AVB
BLCO
BLCO
Q4 25
$9.3B
$5.0B
Q3 25
$8.7B
$5.0B
Q2 25
$8.7B
$5.0B
Q1 25
$8.3B
$4.8B
Q4 24
$8.1B
$4.8B
Q3 24
$8.4B
$4.6B
Q2 24
$8.4B
$4.6B
Q1 24
$8.0B
$4.6B
Stockholders' Equity
AVB
AVB
BLCO
BLCO
Q4 25
$11.6B
$6.4B
Q3 25
$11.9B
$6.4B
Q2 25
$11.9B
$6.4B
Q1 25
$11.9B
$6.4B
Q4 24
$11.9B
$6.5B
Q3 24
$11.9B
$6.6B
Q2 24
$11.7B
$6.5B
Q1 24
$11.7B
$6.7B
Total Assets
AVB
AVB
BLCO
BLCO
Q4 25
$22.2B
$14.0B
Q3 25
$21.9B
$13.8B
Q2 25
$21.8B
$13.8B
Q1 25
$21.2B
$13.4B
Q4 24
$21.0B
$13.5B
Q3 24
$21.3B
$13.5B
Q2 24
$21.0B
$13.3B
Q1 24
$20.6B
$13.3B
Debt / Equity
AVB
AVB
BLCO
BLCO
Q4 25
0.80×
0.78×
Q3 25
0.73×
0.77×
Q2 25
0.72×
0.77×
Q1 25
0.70×
0.76×
Q4 24
0.68×
0.74×
Q3 24
0.70×
0.70×
Q2 24
0.71×
0.71×
Q1 24
0.68×
0.69×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AVB
AVB
BLCO
BLCO
Operating Cash FlowLast quarter
$1.7B
$136.0M
Free Cash FlowOCF − Capex
$1.4B
$60.0M
FCF MarginFCF / Revenue
183.5%
4.3%
Capex IntensityCapex / Revenue
34.1%
5.4%
Cash ConversionOCF / Net Profit
10.07×
TTM Free Cash FlowTrailing 4 quarters
$2.5B
$-66.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVB
AVB
BLCO
BLCO
Q4 25
$1.7B
$136.0M
Q3 25
$477.0M
$137.0M
Q2 25
$377.8M
$35.0M
Q1 25
$415.9M
$-25.0M
Q4 24
$1.6B
$22.0M
Q3 24
$486.2M
$154.0M
Q2 24
$380.0M
$15.0M
Q1 24
$412.9M
$41.0M
Free Cash Flow
AVB
AVB
BLCO
BLCO
Q4 25
$1.4B
$60.0M
Q3 25
$402.2M
$63.0M
Q2 25
$317.1M
$-54.0M
Q1 25
$367.5M
$-135.0M
Q4 24
$1.4B
$-70.0M
Q3 24
$434.2M
$94.0M
Q2 24
$333.0M
$-57.0M
Q1 24
$375.4M
$-26.0M
FCF Margin
AVB
AVB
BLCO
BLCO
Q4 25
183.5%
4.3%
Q3 25
52.5%
4.9%
Q2 25
41.7%
-4.2%
Q1 25
49.3%
-11.9%
Q4 24
191.0%
-5.5%
Q3 24
59.1%
7.9%
Q2 24
45.9%
-4.7%
Q1 24
52.7%
-2.4%
Capex Intensity
AVB
AVB
BLCO
BLCO
Q4 25
34.1%
5.4%
Q3 25
9.8%
5.8%
Q2 25
8.0%
7.0%
Q1 25
6.5%
9.7%
Q4 24
26.1%
7.2%
Q3 24
7.1%
5.0%
Q2 24
6.5%
5.9%
Q1 24
5.3%
6.1%
Cash Conversion
AVB
AVB
BLCO
BLCO
Q4 25
10.07×
Q3 25
1.25×
Q2 25
1.41×
Q1 25
1.76×
Q4 24
5.70×
Q3 24
1.31×
38.50×
Q2 24
1.50×
Q1 24
2.38×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AVB
AVB

Segment breakdown not available.

BLCO
BLCO

Overthe Counter Products$489.0M35%
Pharmaceuticals$378.0M27%
Other$263.0M19%
Surgical$249.0M18%
Brandedand Other Generic Products$14.0M1%
Other Revenues$3.0M0%
Pharmaceutical Products$2.0M0%

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